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Vitalik Buterin Believes in ‘Sustainable & Decentralized’ Crypto Apps
The post Vitalik Buterin Believes in ‘Sustainable & Decentralized’ Crypto Apps appeared on BitcoinEthereumNews.com. Vitalik Buterin, co-founder of Ethereum, recently shared that he only believes in sustainable and truly decentralized crypto applications, as he shared his thoughts on X. In a series of posts, Vitalik tweeted noted, “The kinds of applications that I want to see are applications that are (i) useful in a sustainable way, and (ii) don’t sacrifice on the principles (permissionlessness, decentralization, etc.” Buterin added that he thinks USDC is less great than RAI(stablecoins), but finds it way more convenient for doing international donations. The crypto industry aims to make the global economy and society more open and free, and people in emerging industries using stablecoins to freely transact is a real live use case. Buterin noted, “USDC on Ethereum is also far better than account-to-account transfers inside centralized exchanges, which also happens a lot.” He believed that an extended adoption of USDC will make it easier for people to move to other more decentralized stablecoins as well. Buterik said he did feel some excitement toward the 2021-era liquidity farming craze, because it was obvious that it came from token issuances that are fundamentally temporary and lacked sustainability. If people tell me “you can get good yield by parking your coins here”, my question always is, “where does the yield come from?”. Who are the people on the other side of the transaction, who are paying the yield? In those cases where there is a specific answer to the question, that there is a good reason to believe it will remain true in 5 years, then I am absolutely excited about it. He added that intersections between decentralized finance and other decentralized tech are going to be very important. One other thing I would add, is that we should all agree that finance *isn’t enough*. There are sooooo many centralization…
The post Vitalik Buterin Believes in ‘Sustainable & Decentralized’ Crypto Apps appeared on BitcoinEthereumNews.com.
Vitalik Buterin, co-founder of Ethereum, recently shared that he only believes in sustainable and truly decentralized crypto applications, as he shared his thoughts on X. In a series of posts, Vitalik tweeted noted, “The kinds of applications that I want to see are applications that are (i) useful in a sustainable way, and (ii) don’t sacrifice on the principles (permissionlessness, decentralization, etc.” Buterin added that he thinks USDC is less great than RAI(stablecoins), but finds it way more convenient for doing international donations. The crypto industry aims to make the global economy and society more open and free, and people in emerging industries using stablecoins to freely transact is a real live use case. Buterin noted, “USDC on Ethereum is also far better than account-to-account transfers inside centralized exchanges, which also happens a lot.” He believed that an extended adoption of USDC will make it easier for people to move to other more decentralized stablecoins as well. Buterik said he did feel some excitement toward the 2021-era liquidity farming craze, because it was obvious that it came from token issuances that are fundamentally temporary and lacked sustainability. If people tell me “you can get good yield by parking your coins here”, my question always is, “where does the yield come from?”. Who are the people on the other side of the transaction, who are paying the yield? In those cases where there is a specific answer to the question, that there is a good reason to believe it will remain true in 5 years, then I am absolutely excited about it. He added that intersections between decentralized finance and other decentralized tech are going to be very important. One other thing I would add, is that we should all agree that finance *isn’t enough*. There are sooooo many centralization…
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